Arab Today, arab today new zealands spark almost doubles headline profit
Last Updated : GMT 20:45:52
Arab Today, arab today
Arab Today, arab today

New Zealand's Spark almost doubles headline profit

Arab Today, arab today

Arab Today, arab today New Zealand's Spark almost doubles headline profit

New Zealand's largest telecommunications company
Wellington - AFP

Spark, New Zealand's largest telecommunications company, posted a 93.3 percent rise in annual net profit on Friday, with one-off items preventing the carrier slipping into negative territory.
The company, which changed its name from Telecom Corp. earlier this month, said net profit for the 12 months to the end of June was NZ$460 million ($386 million).
However, factoring in one-off items, including the sale of its Australian business AAPT and a restructuring charge that weighed on last year's accounts, Spark's adjusted net profit was down 7.7 percent at NZ$323.
Total operating revenues dipped 2.6 percent to NZ$3.64 billion but the company said it expected "modest" revenue growth in the current year as Spark continued to expand its mobile business.
"Our growth in the mobile market has been excellent," managing director Simon Moutter said. "In the second half of the year we added another 83,000 mobile connections... and now have over two million mobile connections."
Spark has shed more than 1,000 jobs in recent years as it restructures and seeks to become more than a mobile and fixed-line provider, branching out into areas such as entertainment and cloud computing to meet evolving demand.
"Focus on customers and continued growth in mobile, data and IT services is creating stronger momentum and the potential to earnings growth in FY15," Moutter said.
Spark shares were down 1.03 percent at NZ$2.88 in early afternoon trading on an NZX 50 market that was marginally higher overall.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today new zealands spark almost doubles headline profit Arab Today, arab today new zealands spark almost doubles headline profit

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday